Page:United States Statutes at Large Volume 104 Part 4.djvu/288

 104 STAT. 2604 PUBLIC LAW 101-549—NOV. 15, 1990 "(F) AVOIDED EMISSIONS FROM THE USE OF QUALIFIED RENEWABLE ENERGY. — The emissions tonnage deemed avoided by reason of the use of qualified renewable energy by an electric utility for any calendar year shall be a tonneige equal to the product of multiplying— "(i) the actual kilowatt hours generated by, or purchased from, qualified renewable energy, by "(ii) 0.004, and dividing by 2,000. "(G) PROHIBITIONS. —(i) No allowances shall be allocated under this subsection for the implementation of programs that are exclusively informational or educational in nature, "(ii) No allowances shall be allocated for energy conservation measures or renewable energy that were operational before January 1, 1992. "(3) SAVINGS PROVISION.— Nothing in this subsection precludes a State or State regulatory authority from providing additional incentives to utilities to encourage investment in demand-side resources. "(4) REGULATIONS. —Not later than 18 months after the date of the enactment of the Clean Air Act Amendments of 1990 and in conjunction with the regulations required to be promulgated under subsections (b) and (c), the Administrator shall, in consultation with the Secretary of Energy, promulgate regulations under this subsection. Such regulations shall list energy conservation measures and renewable energy sources which may be treated as qualified energy conservation measures and qualified renewable energy for purposes of this subsection. Allowances shall only be allocated if all requirements of this subsection and the rules promulgated to implement this subsection are complied with. The Administrator shall review the determinations of each State regulatory authority under this subsection to encourage consistency from electric utility to electric utility and from State to State in accordance with the Administrator's rules. The Administrator shall publish the findings of this review no less than annually. " (g) CONSERVATION AND RENEWABLE ENERGY RESERVE.— The Administrator shall establish a Conservation and Renewable Energy Reserve under this subsection. Beginning on January 1, 1995, the Administrator may allocate from the Conservation and Renewable Energy Reserve an amount equal to a total of 300,000 allowances for emissions of sulfur dioxide pursuant to section 403. In order to provide 300,000 allowances for such reserve, in each year beginning in calendar year 2000 and until calendar year 2009, inclusive, the Administrator shall reduce each unit's basic Phase II allowance allocation on the basis of its pro rata share of 30,000 allowances. If allowances remain in the reserve after January 2, 2010, the Administrator shall allocate such allowances for affected units under section 405 on a pro rata basis. For purposes of this subsection, for any unit subject to the emissions limitation requirements of section 405, the term 'pro rata basis' refers to the ratio which the reductions made in such unit's allowances in order to establish the reserve under this subsection bears to the total of such reductions for all such units. "(h) ALTERNATIVE ALLOWANCE ALLOCATION FOR UNITS IN CERTAIN UTILITY SYSTEMS WITH OPTIONAL BASELINE. —

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